Sunday, December 21, 2008

Hedge funds gain access to $200bn Fed aid

FT.com / US / Economy & Fed - Hedge funds gain access to $200bn Fed aid

Your tax dollars helping HEDGE FUNDS! This is just corruption at its finest...and biggest.

AP study finds $1.6B went to bailed-out bank execs

As We Ponder Madoff's Ponzi Scheme, Consider that Social Security IS a Ponzi Scheme

FBI diverts anti-terror agents to Bernard Madoff $50 billion swindle

FBI diverts anti-terror agents to Bernard Madoff $50 billion swindle - Times Online

Another example of big guys get away with things, little guys go to jail. Why did Madoff avoid scrutiny for so long? Most likely he paid some of the auditors off.

The Failure in Afghanistan Echoes Soviet's Failure

Afghanistan: Soviet failures echo for US | csmonitor.com

Man, who could have ever predicted that?

Factories Don't Disappear in Bankruptcy

Fed Refuses to Disclose Recipients of $2 Trillion

Bloomberg.com: Exclusive

And there is it, my friends. A good 'ol looting of the Treasury. Keep supporting the system, boys, it's workin' great!

How Did the Bailout in Ancient Rome Work Out?

A Brief History of CIA Involvement in Drugs

Jim Rogers: "Auto Failure Good For America"

China and Russia Vow to Have Militaries Work Closer

False Flag Operations that Have Changed Our World

Small Banks Still Waiting for Bailout Funds

Many small banks waiting to access gov't funds - Yahoo! Finance

AIG, Bear, Citigroup, and Goldman got their money right away. Why aren't the little guys? Hmmm.

Bipartisan Senate Committee Issues Report Concluding Torture OK by Bush Admin.

The Torture Presidency—By Scott Horton (Harper's Magazine)
"This week the Senate Armed Services Committee issued a powerful report, released jointly by chair Carl Levin and ranking member John McCain, that received the unanimous support of its 13 Democratic and 12 Republican members. The report concluded that Donald Rumsfeld and other high-level officials of the administration consciously adopted a policy for the torture and abuse of prisoners held in the war on terror."

The Fed CAUSES Booms & Busts, Doesn't Protect Us From Them

The Guy Who Blew the Whistle on Wiretaps on Americans

Federal Reserve sets Stage for Weimar-style Hyperinflation

Rove's IT Guy Dies in Plane Crash Just Before Testifying

Thursday, November 27, 2008

Andrew Sullivan: "How the Pentagon Bankrupts America"


The Financial System Bailout: Bigger Than All These COMBINED

• Marshall Plan: Cost: $12.7 billion, Inflation Adjusted Cost: $115.3 billion
• Louisiana Purchase: Cost: $15 million, Inflation Adjusted Cost: $217 billion
• Race to the Moon: Cost: $36.4 billion, Inflation Adjusted Cost: $237 billion
• S&L Crisis: Cost: $153 billion, Inflation Adjusted Cost: $256 billion
• Korean War: Cost: $54 billion, Inflation Adjusted Cost: $454 billion
• The New Deal: Cost: $32 billion (Est), Inflation Adjusted Cost: $500 billion (Est)
• Invasion of Iraq: Cost: $551b, Inflation Adjusted Cost: $597 billion
• Vietnam War: Cost: $111 billion, Inflation Adjusted Cost: $698 billion
• NASA: Cost: $416.7 billion, Inflation Adjusted Cost: $851.2 billion

TOTAL: $3.92 trillion

Big Bailouts, Bigger Bucks | The Big Picture

Tuesday, November 25, 2008

Paulson Changing TARP Program for the FIFTH TIME

George Washington's Blog: Paulson Changing TARP Program for the FIFTH TIME

Are you familiar with the phrase, "Being sold a bill of goods?"

Hey! I Actually Agree With O'Reilly on Something!

World Russian analyst predicts decline and breakup of U.S.

FDIC Says 171 Banks on Watch List

FDIC Says 171 Banks on Watch List - AOL Money & Finance

So, if lots of different banks are suffering, why are the bailout monies just going to Goldman, AIG, and Citigroup? Does it have anything to do with Paulson having worked for Goldman?

Left Out of the Bailout: The Poor

Left Out of the Bailout: The Poor - Yahoo! News

Liberals, wake up! The bailouts are helping corporation, the rich, and the politically well-connected, NOT those underprivileged you THINK you're helping. If you would just let the free markets do what they do best, power would be getting pushed down to the individual and away from the elite right now. But instead, you are circumventing that, and perpetuating a system which is rigged for the privileged.

Ford Builds State-of-the-Art Factory in Brazil

detnews.com | Webvideo | Ford's most advanced assembly plant operates in rural Brazil

Wait, I thought they were telling us that bailing out the auto companies would save U.S. jobs!

Monday, November 17, 2008

How the Investment Banks Fell via the Secondary Mortgage Market

"Long Beach Financial was moving money out the door as fast as it could, few questions asked, in loans built to self-destruct. It specialized in asking home­owners with bad credit and no proof of income to put no money down and defer interest payments for as long as possible. In Bakersfield, California, a Mexican strawberry picker with an income of $14,000 and no English was lent every penny he needed to buy a house for $720,000.
...<snip>...
"“With all due respect, sir,” Daniel told the C.E.O. deferentially as they left the meeting, “you’re delusional.” This wasn’t Fitch or even S&P. This was Moody’s, the aristocrats of the rating business, 20 percent owned by Warren Buffett. And the company’s C.E.O. was being told he was either a fool or a crook by one Vincent Daniel, from Queens."

The End of Wall Street's Boom - National Business News - Portfolio.com

If you want to understand what happened on Wall Street in the past few years, read this article. It is long, but very good. What's most disturbing about it is that as you're reading it, you realize that our tax money is going to bailout these corrupt people, and their insanely greedy and irresponsible behavior. How the f*ck did we get talked into giving them their money back? They deserve to lose it.

Sunday, November 16, 2008

U.S. Mint Makes Drastic Cuts to Its Collector Gold & Platinum Coin Offerings

Former Vice President of Dallas Federal Reserve: Failure of the Government to Provide More Information About Bailout Could Signal Corrruption

Organic Beekeepers Reporting Zero Losses

Surprise! Organic Beekeepers Reporting Zero Losses » GroovyGreen.com - Start Today :: Save Tomorrow

Some speculate that GMO grains or other chemicals are causing colony collapse disorder.

Bailout = Looting

"But We The People won some symbolic victories in that battle, including the explicit promise of complete transparency in the use of that money.

Now it turns out that We The Payers won nothing at all, and that we are not even being afforded the most basic right of being able to view how that money is being spent."

"US Taxpayers Violated" by Dr. Chris Martenson, FSU Editorial 11/11/2008

Did You Think the Bailout Was $700 Billion? Try $5 Trillion...so far.

"For all the fury over Treasury Secretary Henry Paulson's $700 billion emergency economic relief fund, it seems downright puny when compared to the running total of the government's response to the credit crisis.

According to CreditSights, a research firm in New York and London, the U.S. government has put itself on the hook for some $5 trillion, so far, in an attempt to arrest a collapse of the financial system."

Washington's $5 Trillion Tab - Forbes.com

U.S. trails other nations in chronic illness care

The Corrupt Origins of Central Banking

A Credit Crisis or a Collapsing Ponzi Scheme?

"Until Congress holds serious investigations and hearings, the U.S. taxpayer may be funding little more than Ponzi schemes while companies that provide real products and services, legitimate jobs and contributions to the economy are left to fail."

Pam Martens: The Two Trillion Dollar Black Hole

To reiterate, your money they are spending on saving "the system" is ruining the system. It is going to bad businesses and bad businesspeople. Why do you continue to believe Washington is smarter than the markets? Why do you continue to believe they are helping you?